Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$119,800$119,800$230,400
Remaining term (yrs)18.418.430.0
Secondary amount$0$110,600$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.191%7.640%
1st payment$741.87$741.87$1,595.24
2nd payment$0.00$737.33$0.00
Taxes / mo$512.17$512.17$512.17
Insurance / mo$150.00$150.00$150.00
MI / mo$114.59$114.59$46.08
HOA / mo$95.00$95.00$95.00
Total monthly$1,613.62$2,350.96$2,398.49
Cash to close$136,200$25,600$25,600